Corrado Advisors LLC decreased its holdings in Starwood Property Trust, Inc. (NYSE:STWD) by 7.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 156,980 shares of the real estate investment trust’s stock after selling 12,155 shares during the quarter. Starwood Property Trust accounts for about 3.2% of Corrado Advisors LLC’s investment portfolio, making the stock its 10th largest position. Corrado Advisors LLC owned approximately 0.06% of Starwood Property Trust worth $3,509,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of STWD. PRW Wealth Management LLC bought a new position in shares of Starwood Property Trust during the 4th quarter valued at $28,000. Semmax Financial Advisors Inc. bought a new position in shares of Starwood Property Trust during the 4th quarter valued at $34,000. Capital Investment Advisory Services LLC bought a new position in shares of Starwood Property Trust during the 4th quarter valued at $36,000. Bremer Trust National Association bought a new position in shares of Starwood Property Trust during the 4th quarter valued at $59,000. Finally, Synovus Financial Corp raised its holdings in shares of Starwood Property Trust by 811.1% during the 4th quarter. Synovus Financial Corp now owns 3,189 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 2,839 shares in the last quarter. Hedge funds and other institutional investors own 65.57% of the company’s stock.
NYSE:STWD opened at $22.90 on Friday. The company has a current ratio of 2.52, a quick ratio of 2.52 and a debt-to-equity ratio of 2.20. The stock has a market cap of $6.40 billion, a PE ratio of 10.85 and a beta of 0.56. Starwood Property Trust, Inc. has a 52-week low of $19.16 and a 52-week high of $23.04.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.38%. The ex-dividend date of this dividend was Thursday, March 28th. Starwood Property Trust’s dividend payout ratio (DPR) is 91.00%.
Several research analysts recently commented on STWD shares. Zacks Investment Research downgraded shares of Starwood Property Trust from a “hold” rating to a “sell” rating in a report on Tuesday, January 15th. BTIG Research started coverage on shares of Starwood Property Trust in a report on Tuesday, February 26th. They issued a “buy” rating and a $25.00 target price on the stock. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Starwood Property Trust currently has a consensus rating of “Buy” and an average price target of $24.25.
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About Starwood Property Trust
Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and Europe. It operates through three segments: Real Estate Lending, Real Estate Property, and Real Estate Investing and Servicing. The Real Estate Lending segment originates, acquires, finances, and manages commercial first mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), residential mortgage-backed securities, residential mortgage loans, and other real estate and real estate-related debt investments.
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